Business Report: COVID-19 relief bill, jobless claims, Hinchliffe Stadium

Renovation set to begin next month on Paterson’s Hinchliffe Stadium

Unemployed workers in New Jersey and elsewhere who are receiving benefits from the federal government will see those benefits expire in a little more than a month, unless Congress passes the latest COVID-19 relief bill. On Thursday, House Speaker Nancy Pelosi said she expects the bill will be signed into law before the current benefits expire in mid-March. Should that happen, workers would receive added benefits through August.

There’s not much improvement in the weekly claims numbers. Nationally another 793,000 Americans filed for first-time job claims in the latest week, which was higher than expected.

Construction is set to begin next month on Paterson’s Hinchliffe Stadium, which is being renovated into a new sports arena. The New Jersey Economic Development Authority has awarded $67 million in tax credits for the work. Beyond the stadium refurbishment, the project will also include a cultural facility with a museum dedicated to Negro League baseball, a restaurant and affordable housing for seniors.

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